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Res21 15933
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Res21 15933
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Last modified
1/26/2021 9:18:31 AM
Creation date
1/26/2021 9:18:28 AM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/25/2021
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EXHIBIT "A" <br />GOOD FAITH ESTIMATES PURSUANT TO <br />GOVERNMENT CODE SECTION 5852.1 <br />Set forth below are good faith estimates of Fieldman, Rolapp & Associates, Inc., the municipal <br />advisor to Silicon Valley Clean Water, as required under Section 5852.1 of the California <br />Government Code (the "Code"). The following estimates have no bearing on, and should not be <br />misconstrued as, any not -to -exceed financial parameters authorized by resolution. <br />(a) The true interest cost of the Refunding Bonds is estimated at 1.21%, calculated as <br />provided in Section 5852.1(a)(1)(A) of the Code. <br />(b) The finance charge of the Refunding Bonds allocated to the City, including all fees and <br />charges paid to third parties, is estimated at $18,849. <br />(c) Proceeds of the Refunding Bonds allocated to the City for the sale of the Refunding <br />Bonds, including the estimated principal amount of the proposed Refunding Bonds of <br />$3,680,000, less the finance charges set forth in (b) above, is equal to $4,418,614. <br />(d) The total payment amount allocated to the City calculated as provided in Section <br />5852.1(a)(1)(D) of the Code is estimated at $4,765,276. <br />The foregoing are estimates and the final costs will depend on market conditions and can be <br />expected to vary from the estimated amounts set forth above. <br />ATTY/RESO.0003/CC RESO REFUNDING STATE LOAN <br />REV: 01-20-2021 MI <br />Page 2 of 2 <br />RESO. NO. 15933 <br />MUFF NO. 505 <br />
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